4

Where penalties are imposed under paragraphs 1 and 1A in respect of the same inaccuracy, the aggregate of the amounts of the penalties must not exceed the relevant percentage of the potential lost revenue.

5

The relevant percentage is—

a

if the penalty imposed under paragraph 1 is for an inaccuracy in category 1, 100%,

b

if the penalty imposed under paragraph 1 is for an inaccuracy in category 2, 150%, and

c

if the penalty imposed under paragraph 1 is for an inaccuracy in category 3, 200%.